FIL is supported by LetsExchange, here, you can swap thousands of coins and tokens for it.
You can get FIL without unveiling your personal and financial data. However, if you want to get access to multiple functions including transaction history, the list of favorite coins and coin pairs, and LetsExchange’s affiliate program, you need to register an account. It takes only some minutes to do so, and only a valid email address is needed.
What is FIL?
Filecoin is a decentralized storage network designed to preserve humanity's crucial data. It operates on an open protocol underpinned by a blockchain that records commitments from network participants. Transactions within the network use FIL, Filecoin's native cryptocurrency.
How to buy FIL on LetsExchange: a step-by-step guide
On LetsExchange, you can swap any of the supported 4,500 coins and tokens to FIL.
To proceed with the swap, follow these steps.
In the exchange widget, pick the coin to exchange for FIL in the You Send field. We will be swapping Bitcoin but you can choose any of the supported assets.
Provide the amount of the coins you want to swap. In our example, we pick a default sum of 0.1 BTC.
Choose the exchange rate type: fixed or market.
If you pick a fixed rate, you will receive the exact amount specified on the You Get screen. With a fixed rate, you can use a promo code.
If you pick a market rate, the sum to receive may be different from the sum that is initially displayed in the widget. LetsExchange will select the best rate among multiple liquidity providers, and the swap will be completed at that rate.
We pick a fixed rate because, with it, you get an opportunity to receive cashback by entering a promo code.
In the You Get window, pick FIL. Please note that FIL is supported by several blockchains. Pick the correct network, otherwise, your funds may be lost.
In the example, we select FIL on its native blockchain.
Now, the picked coin will be displayed in the You Get field. The sum that you will get will be calculated automatically.
If you have a promo code, type it in. You will get cashback. If you don’t have a promo code but want to get one, follow us on social media for updates - from time to time, we organize some events for our users where they can be rewarded with promo codes and other valuable rewards.
Click on the Swap option.
Now, the widget will display a window where you will be asked to enter your receiving wallet address. The swapped coins will be sent there.
You can also fill in the refund address. If the swap doesn’t go as expected, your coins will be refunded there.
Finally, you can provide a valid email to receive updates about the swap progress.
Check all the data once more and hit the Apply button.
You will be displayed a deposit wallet address, to which you need to send your coins. After you do so, the coins will be swapped, and your FIL tokens will be sent to the receiving wallet address you’ve provided.
After the transaction is completed, you can download the receipt with all the transaction details. Also, you can track your transaction at any stage by copy-pasting its number on the Transaction status page.
Conclusion
FIL is a token of Filecoin, a project that works on creating a decentralized storage network. In the long term, Filecoin is expected to grow in value. You can get the coin now on LetsExchange.